Additional Information

Employee Life Option Plus – Whole Life Insurance

Whole Life insurance, sometimes referred to as permanent or interest sensitive life insurance, is more than just life insurance at an affordable price. It combines the guaranteed premiums, coverage, and values that have always been so attractive in whole life insurance with the advantages of cash accumulation at current interest rates. Our whole life workplace insurance, Employee Life Option Plus, is an endowment at age 95 life insurance policy, which means the face value would be paid to the insured, if living, at age 95. With whole life coverage, the employee chooses the amount of insurance or the amount of premium that best suits their needs and budget.

Group Accident Coverage or Employee Accident Option Plus

If the unexpected occurs, protection means a lot of things, but having financial resources can be meaningful during those times. Accident insurance can pay cash benefits when the unforeseen happens. This coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck.

Employee Critical Illness Plus – Critical Illness/Specified Disease Insurance

Protecting family can mean a lot of things, and to have financial resources can be meaningful during those times. Boston Mutual Life Insurance’s Critical Illness coverage pays a lump sum cash benefit directly to the employee upon the diagnosis of a covered condition on the plan. This coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck.